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Montenegro's Addiko Bank Podgorica 9-mo profit rises - table

Dec 10, 2019, 1:22:46 PMArticle by Radomir Ralev
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PODGORICA (Montenegro), December 10 (SeeNews) – Addiko Bank Podgorica, the Montenegrin unit of Austrian-based Addiko Bank, said its net profit rose to 3.5 million euro ($3.9 million) in the first nine months of 2019 from 2.2 million euro in the like period of last year.

Montenegro's Addiko Bank Podgorica 9-mo profit rises - table
Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

The bank's net interest income went up 9.5% to 7.5 million euro in the first nine months, while net fee and commission income increased to 1.8 million euro from 1.4 million euro, according to the lender's financial statement, posted on the website of Montenegro's central bank.

The loan portfolio of Addiko Bank Podgorica amounted to 199.6 million euro, while deposits totalled 184.5 million euro at the end of September, the group's financial statement shows.

Following are details on Addiko Bank Podgorica's performance (in millions of euro):

  9-mo'19 9-mo'18
Deposits 184.469 179.999
Loans 199.649 202.568
Net fee and commission income 1.750 1.384
Net interest income 7.505 6.855
Net profit 3.544 2.204

($ = 0.902253 euro)

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